Limited Liability Company

Limited Liability Company (LLC) – Consists of member owners and a manager, at a minimum. Similar to a corporation that is taxed as a partnership or as an S-corporation. More specifically, it combines the more favourable characteristics of a corporation and a partnership. The LLC structure permits the complete pass-through of tax advantages and operational flexibility found in a partnership, operating in a corporate-style structure, with limited liability as provided by the state’s laws.

EditorLimited Liability Company07.01.2015

Free consultation

If you would like to ask a question or have a consultation either over the telephone or in person, please simply register here and indicate when you would like to talk.